Labrador, Queensland

Under Contract / Offer

Property Description

Business For Sale - 25% PRICE REDUCTION- ID 8493 BL

- 2 X MULTIPLIER ON NET PROFIT
- MANAGEMENT RIGHTS GOLD COAST
- Holiday management rights for sale
- Price reduction of over $200,000
- Three storey walk up
- Combination of studio, one and two bedroom apartments
- Easy to maintain grounds
- Office attached and on title
- Busy complex with lots of repeat and walk in trade
- The manager's residence offers two bedrooms and is air-conditioned
- Located one block back from the Broadwater
- This complex has been converted from a motel to a management rights business. It offers growth potential and the ability to purchase additional units from the current manager.

Net Profit: $190,000
Reduced Asking Price: $656,000
(Inclusive of manager's real estate)

ALL OFFERS TO BE PRESENTED TO THE VENDOR

For further information or to arrange an inspection of this Gold Coast management rights business for sale contact:

Listing Broker
Phil Trimble

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $190,000 Remuneration / Body Corp Salary: $38,626

Managers Unit

Value of Managers Apartment: $278,000Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: On TitlePets OK: Yes
Air-conditioned unit with under cover courtyard.

Complex Information

Complex Type: HolidayTotal Units in Complex: 32Total Units in Letting Pool: 20Holiday Units: 20Owner Occupy Units: 2Outside Agent Units: 10Agreement Term: 25 yearsAgreement Term Remaining: 14 yearsPool: Yes

Marketing Agent


Marketing Agency

MR Sales

MR Sales

MR Sales

Phil Trimble
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Labrador, Queensland 4215 Exact map location not provided

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